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this environment is -- i think the pendulum has swung the other way. i think it puts a really big stronghold on the potential for growth going forward. at least in the short term with these banks. >> favorite financial. >> well, right now i would actually say regents financial. i think it has a lot of upside. it has the southeast leverage and credit recovery. i think hopefully we'll get a modest buyback. i think the stock actually is something that could go up another 30, 40% without a lot of trouble. >> and march is when the banks have to put their plan forward. >> the plan is being put forward now. they're getting two shots at it, much better than last year where they simply rejected plans. this year, if the plans are rejected, they get to resubmit. this year i think the banks will be conservative. >> see if citigroup makes the cut this time. favorite regional? >> sun trust banks. i like it a lot. plays into this regional play with the housing recover write rates low. >> okay. good. thank you, both, for joining us. >>> we're starting to lose altitude
this environment is -- i think the pendulum has swung the other way. i think it puts a really big stronghold on the potential for growth going forward. at least in the short term with these banks. >> favorite financial. >> well, right now i would actually say regents financial. i think it has a lot of upside. it has the southeast leverage and credit recovery. i think hopefully we'll get a modest buyback. i think the stock actually is something that could go up another 30, 40%...
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they were not able to control their environment when they were traumatized. >> can you see? >> no, i'm blindfolded. >> reporter: this trust exercise forces justin to give up control to his partner. >> horse on your right. keep walking. you're fine. >> okay. >> reporter: the goal? to expose his old wounds. >> can he relate to you, do you think? >> yeah. >> reporter: watch how danny sets the stage for a major breakthrough. >> i went through a very difficult time, as well. very traumatic situation. it seemed so stupid at first and then it was actually helpful. therapeutic. you're okay. you're going to do just fine. >> and it was a breakthrough. it would have been taken me a year if i was meeting with justin in my office. >> reporter: lyz said she had never seen justin so vulnerable. two weeks later, one final exercise. it's aimed with justin coping his past. >> you abandoned all of us. i had to be the man of the family. >> reporter: inside the pen, justin is 9 years old again. the age when his sister was murdered and his father split. lyz plays the role of his dad. >> i get mor
they were not able to control their environment when they were traumatized. >> can you see? >> no, i'm blindfolded. >> reporter: this trust exercise forces justin to give up control to his partner. >> horse on your right. keep walking. you're fine. >> okay. >> reporter: the goal? to expose his old wounds. >> can he relate to you, do you think? >> yeah. >> reporter: watch how danny sets the stage for a major breakthrough. >> i went...
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Dec 6, 2012
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still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you were talking quite rightly about the low level of he have credit growth in the uk, which has obviously been a feature of this period. but there's a question of what's cause and what's effect there. the banks will tell you that that problem is not so much availability of credit, there's credit demand and even in the mortgage sector which under normal circumstances you might have been eager to see people borrow money. we're seeing net repayments for the first time for a very, very long time. so you can take the economy to water, but you can't ma
still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you...
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. >> mitt romney didn't it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] >> either mitt romney was lying and misrepresenting to his investors but mitt romney is dramatically out of touch with women on the issues and priorities that matter to us. they need to put their big boy and big girl pants on. >> debbie wasserman schulz spread a l
. >> mitt romney didn't it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by...
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Dec 7, 2012
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he said he he has demonstrated when he stepped into government that he could work in a difficult environment, take good ideas like private health insurance and apply them to the need to have everyone insured. they came up with the idea an alternative and they made it the law in massachusetts and got democrats to embrace it. for a think tank that is the dream. today both the foundation and the new president agree that the individual mandate is not just bad policy, it is terrible no good constitutional policy. their idea. now horrible and only judged that way until they began endorsing it. flip-flopping to try and make health care reform. i don't want to call it his job, but it is not shocking. it is what you do. but it is not what you do if you are a think tank. his ascension to the head of the foundation is both a perfect match and a disturbing one. they are where the politicians get their ideas and where the media figures look to get an informed take on whether something make sense or not. their leaders have had one foot in the political and policy world. arthur brooks was recruited from sy
he said he he has demonstrated when he stepped into government that he could work in a difficult environment, take good ideas like private health insurance and apply them to the need to have everyone insured. they came up with the idea an alternative and they made it the law in massachusetts and got democrats to embrace it. for a think tank that is the dream. today both the foundation and the new president agree that the individual mandate is not just bad policy, it is terrible no good...
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Dec 7, 2012
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texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about 23%. but it is worth remembering that we started as a start-up. this company was a start-up in the last couple years, the reason we're the leading economy is because of the entrepreneurs building start-ups that have really powered our economy. we really need to as a nation double down on entrepreneurship. some of that is what needs to happen in washington, the jobs act that passed six months ago, the broad bipartisan support dealt with crowd funding and on-ramp for ipos. start-up app 2.0 introduces with bipartisan support. there's a role for washington but there's also a role for the private sector particularly ent
texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about...
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> almost a year after his death, kim jong ill still looms over north korea. today they erected eight statues around the city. they instribed his name and started plans to renovate the palace where his body lies in state. here is the breakdown of the cost that we found. so, how is the country paying for it? north koreans don't have the money. they are going to borrow some of it at rates like 40%. that is the amount of food that would have brought enough corn to wipe out the food shortfall. the threats that missiles pose the united states. tonight the story struck a chord with us. anderson starts now. >> tonight the top five things
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> almost...
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Dec 10, 2012
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was the party of teddy roosevelt who founded and set up our national park system and cared about the environment. those things are important to me. when the party start eed moving away from those thing and taking away the sunday before election to vote. there's a great tradition after church to go and vote in states that have early voting. it just seemed to me there was real suppression going on, it wasn't a tolerant party, it wasn't doing what was right for the environment or public education. i'm a public school kid. my dad was on the school board when i was a kid. i have three sisters, two have been public school teachers here in florida. i have a heart for that kind of thing, and it means an awful lot to me. people have told me for a long time, chris, charlie, you have really been a democrat, you just didn't know it. i mean, these are people that i went to college with and went to law school with. >> are you going to lead the charge -- >> so i'm bloglad to be here. >> are you going to lead the charge around the country for people who were republicans to become democrats. >> i think they shou
was the party of teddy roosevelt who founded and set up our national park system and cared about the environment. those things are important to me. when the party start eed moving away from those thing and taking away the sunday before election to vote. there's a great tradition after church to go and vote in states that have early voting. it just seemed to me there was real suppression going on, it wasn't a tolerant party, it wasn't doing what was right for the environment or public education....
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Dec 9, 2012
12/12
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got hehat fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> chris: the blood
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got hehat fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people...
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Dec 7, 2012
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when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for me growing too slow. >> it will be over 100 bucks six months from now. >> if the market's up. >> you guys have made compelling cases. let's send it over to our jury, if you would. dr. j., who made the more compelling argument. >> well, okay, so i'm the guy that cuts the baby in half, then, judge, because i do think stephen's made good arguments but i've got to go with pete. there's no hard landing at all with china. >> shouldn't be recused from this? >> like pete says, this is going to be higher six months from this. >> let's take the fellow g gargantuga gargantuan brother out of it. pete is right. we understand the macro challenge is challenging. what did the
when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for me growing too slow. >> it will be over 100 bucks six months from now. >> if...
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and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatom (testimonial section) (testimonial section) (ttimonial section) did you know, 94% of people o use lyric would recommend lyric to a friend or loved one. can your hearing aido all this? lyric can. to learn more about lyric'sadva, call or visit trylyc.com for a risk--free 30--d trial offer. you'll also get a free informational dvd and brochure. why wait? hear today what a little lyric cacacan do for you. lyric from phonak. life is on. >> thursday morning, there's one number out every morning at 8:30 eastern, unemployment claims, 370,000, that's a very high number. historically speaking. the big employment number tomorrow morning 8:30 eastern. to the big board, we are down 8 points in the very early going. the whole question though is where is apple going to open up this morning? well, we're 15 seconds into the trading day and apple has dropped another $11 a share. and we're down 6% yesterday and down 2% and now, 527. that's the quote on
and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatom (testimonial section) (testimonial section) (ttimonial section) did you know, 94% of people o use lyric would recommend lyric to a friend or loved one. can your hearing aido all this? lyric can. to learn more about lyric'sadva, call or visit trylyc.com for a risk--free 30--d trial offer. you'll also get a free informational dvd and...
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, brenda, it can because they're flexing their muscle and have the backing of the current political environment. >> brenda: larry. >> brenda, the younes need to reinvent themselves. if they need to get into my skilled jobs and earn higher wages and that's the key. >> you're right and the ia of organizing the lowest end of the structure here is, as jos says, the average lifetime of employee i think is nine months in the fast food business so it's antithetical and-- >> these aren't coal mines and slaughter houses, brenda, these are folding sweaters at the gap, shiers. >> we need to see more unions in china where they could make a difference, they could lift wages and impro living standards there. >> absolutely. >> and keep chinese, work forces from taking jobs away from america. >> good luck with that. >> brenda: thank you for the debate. and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. hour. up here first, forget fees in this family used capital
, brenda, it can because they're flexing their muscle and have the backing of the current political environment. >> brenda: larry. >> brenda, the younes need to reinvent themselves. if they need to get into my skilled jobs and earn higher wages and that's the key. >> you're right and the ia of organizing the lowest end of the structure here is, as jos says, the average lifetime of employee i think is nine months in the fast food business so it's antithetical and-- >>...
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Dec 9, 2012
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. >> once you leave an environment like this you really do need good support. so that's great. so what are you going to do not seeing me? >> no offense, but i would love to not see you. i don't want to see this place ever again. >> yes! >> sorry, honey. >> hi, gorgeous. >> man, i've been sweating in there so bad. okay. >> here's your wife. >> it means everything to us. and i'm just happy that this is going to be the last one, and then he gets to come home and i get to have this every day, so, like it used to be. >> if i didn't have these visits here with you, rachel, if i didn't have these visits, i don't know if our whole marriage would have lasted this long. >> it wouldn't, huh? >> i don't think so. just these two days -- >> something to look forward to. >> something to look forward to. something to break up -- >> to hold each other. to be able to catch up and talk about everything that we can't talk about on a 15-minute phone call. >> 15-minute phone call, you got the guy interrupting. >> 120 seconds remaining. you have 60 seconds. >> your call is being recorded. it's like,
. >> once you leave an environment like this you really do need good support. so that's great. so what are you going to do not seeing me? >> no offense, but i would love to not see you. i don't want to see this place ever again. >> yes! >> sorry, honey. >> hi, gorgeous. >> man, i've been sweating in there so bad. okay. >> here's your wife. >> it means everything to us. and i'm just happy that this is going to be the last one, and then he gets to...
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. >> except if you go over the cliff and given how tenuous this economic environment is right now, the message it sends to business leaders, employers, this place is not only ungovern ner rabl, it's dysfunction among dysfunction. >> freand of mine, a liberal, said if you think they are going to trust you after you my the january 1st deadline, do you think they will trust you that week? if you can't meet your own deadline, why should they make anybody else's? >> and the markets are pricing in a solution. you see it really quite clearly. >> and somebody was on -- mcmahon was wrong. there are grownups jared bernsteinç and chris, thank yo. you're watching "hardball," the place for politics. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. if you're a man with low testosterone, you sho
. >> except if you go over the cliff and given how tenuous this economic environment is right now, the message it sends to business leaders, employers, this place is not only ungovern ner rabl, it's dysfunction among dysfunction. >> freand of mine, a liberal, said if you think they are going to trust you after you my the january 1st deadline, do you think they will trust you that week? if you can't meet your own deadline, why should they make anybody else's? >> and the markets...
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Dec 8, 2012
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> we're back with tonight's "outer circle" where we reach out to our sources from all over the world. to seoul where they are getting ready to react to an expected missile launch by north korea this month. paula hancocks is following this story. i asked her what more we know about north korea's plans. >> tom, as north korearies. to launch its second rocket this year, as early as monday, the u.s. is making pr
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. neural speeds...
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if we were to try that or attempt that in this environment, forget about whether we reach a deal by the end of the year on the so-called cliff, that is what will send the world spending into recession. my thoughts. >> first of all, we don't have the money to pay for the past two deficits. i don't belve weevil have the money for the current spending related to sandy. there's not a tax for that, pretty sure. to the point to have the additional costs which would have to be hundreds and hundreds of billions of dollars, where's that's coming from? unless they use taxes on fuels to be the solution, that, at least, in theory, does not cost the government money. it doesn't mean it passes or have other effects. neil: cost money? >> not economy, but it will not look like they need opend to solve the problem if that's the way it goes. neil: [inaudible] >> yeah, we're broke. we're turn your pockets inside out, it's over. no money. neil: you got the point across. thank you, both, very much. washington, we have a problem. don't think so? here's it's straight from the real guys behind this, after this
if we were to try that or attempt that in this environment, forget about whether we reach a deal by the end of the year on the so-called cliff, that is what will send the world spending into recession. my thoughts. >> first of all, we don't have the money to pay for the past two deficits. i don't belve weevil have the money for the current spending related to sandy. there's not a tax for that, pretty sure. to the point to have the additional costs which would have to be hundreds and...
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Dec 3, 2012
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it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's
it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their...
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Dec 10, 2012
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the pregnancy, but in your 30s this is a time of life you can develop allergies or it may be that her environment has changed because she had a baby. >> unrelated to the pregnancy. ton of e-mails about migraines and what may be causing them. everything from drinking red wine to too much exercise. what are sort of the facts and myths about migraines? >> sure. these are definitely triggers for migraines, likely caused by dilation of the blood vessels in the brain and releases chemicals in the vessels of the brain that cause pain. for some people there are a lot of factors that can trigger migraines. there are some we can control, such as things in your diet, including skipping meals, msg or alcohol. there are other things such as physical changes, be it stress, anxiety or over exercising. sleep pattern changes like oversleeping or undersleeping. these are things we can control and things we can't necessarily control are your menstrual cycle and things in the environment like smoke or perfumes. most important thing is that each person needs to identify what their triggers are so that they can potent
the pregnancy, but in your 30s this is a time of life you can develop allergies or it may be that her environment has changed because she had a baby. >> unrelated to the pregnancy. ton of e-mails about migraines and what may be causing them. everything from drinking red wine to too much exercise. what are sort of the facts and myths about migraines? >> sure. these are definitely triggers for migraines, likely caused by dilation of the blood vessels in the brain and releases...
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they want cap and trade to play games and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax system. one of the critical issues is the system of deductions. today, the way deductions work, the mortgage deductions or charitable deduction. if you give $10,000, you do $10,000 of a mortgage amount in a year. because of the way rates work as a deduction, it's $3500 if you are in the rate of 35%. and $1500 if you are a middle class family in the 15% marginal rate. it's $10,000. same for two families and much bigger value. it's upsidedown. in a tax plan we put forward, we addressed that issue. we transformed everything into an 18% credit. it's fair across the board. deductions are a way, a big way the tax system favors the well off and well-to-do. it's one of the reasons people are cynical about
they want cap and trade to play games and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax system. one of the critical issues is the system of deductions. today, the way deductions work, the mortgage deductions or...
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Dec 7, 2012
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we have an environment where the interest rates are low, so if you reinvest it in a fixed income product, you won't make much return. you'll have capital losses on bonds. i'm very concerned about the low interest rate in the bond market and the long period of time we've had bond yield this is low. and in the stock market, you have to be careful because there could be a sorting out among stocks between high and low dividend stocks and how they perform when these guys go x dividend. >> why couldn't you invest in g chlt and g e or comcast and get a 3% yield there. either one would be a good place.or comcast and get a 3% y there. either one would be a good place. >> wasn't i invested in company x before, didn't i have that money in there and now they're giving it back? >> now you own a larger part of the company. >> no, because -- >> if you reinvest it and they buy more share, you own a larger piece of it. >> it should be equal. they've taken that cash out of the company. the stock price should adjust lower. >> but cash is not the same as the ownership portion. your thought would be if you c
we have an environment where the interest rates are low, so if you reinvest it in a fixed income product, you won't make much return. you'll have capital losses on bonds. i'm very concerned about the low interest rate in the bond market and the long period of time we've had bond yield this is low. and in the stock market, you have to be careful because there could be a sorting out among stocks between high and low dividend stocks and how they perform when these guys go x dividend. >> why...
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Dec 3, 2012
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we're in their environment. >> they woke you up? >> yeah, they woke me up with this [ bleep ] with a bunch of [ bleep ] in here. that is what is going on out here. >> but what was interesting to me was after, you know, we continued to film him, suddenly percy turned to brian and apologized. >> my bad. i snapped on you, man. i just woke up, you know? >> what's that? >> my bad if i kind of griped at you, man. i was just waking up. >> i understand. >> it was a little surprising to see him kind of let his guard down and apologize. but i was like, wait a second, you don't need to apologize, you know. you just do your thing and don't worry about us. >> don't all give my clothes away before i get back. >> there was the first flicker of awareness in percy, and he actually stopped and was realizing how he was being perceived by other people. when percy got moved back into the general population dorm, he almost acted as though it was his choice, but i think he knew it was a demotion, and i think he felt bad about it, so he had to put on this
we're in their environment. >> they woke you up? >> yeah, they woke me up with this [ bleep ] with a bunch of [ bleep ] in here. that is what is going on out here. >> but what was interesting to me was after, you know, we continued to film him, suddenly percy turned to brian and apologized. >> my bad. i snapped on you, man. i just woke up, you know? >> what's that? >> my bad if i kind of griped at you, man. i was just waking up. >> i understand....
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over the years we've come across some very creative ways for inmates to adapt to the environment. >> on the positive side, we've seen long-lasting friendships. inmates bonding with cats and creating their own prison cuisine in their cells. but there's a negative side to adaptation as well. any corrections officer will tell you there are way too many homemade shanks in prison an plenty of inmates willing to use them. we were at the penitentiary of new mexico when an inmate tried to break away from his escort officer. and tried to stab another inmate with a unique homemade shank. >> he actually fabricated this out of a piece of a pencil sharpener. you can see the rivet right in there. he attached a paper clip and ran it back, put some plastic cellophane on it, put a rubber band around it to make it more easy to handle specifically when it gets full of blood if you were to slice somebody. he actually admitted he put this on there so he could have some control once he sliced the individual. he's pretty ingenious as far as how he makes weapons. >> the inmate is 30-year-old christopher shi
over the years we've come across some very creative ways for inmates to adapt to the environment. >> on the positive side, we've seen long-lasting friendships. inmates bonding with cats and creating their own prison cuisine in their cells. but there's a negative side to adaptation as well. any corrections officer will tell you there are way too many homemade shanks in prison an plenty of inmates willing to use them. we were at the penitentiary of new mexico when an inmate tried to break...
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. >> i mean, i don't look at prison as being prison, even though it is prison and i'm in a negative environment. i look at it as being my college. this is the time i got to study and build myself up and better myself. it's what you make it. >> but blanco, serving times for crimes including attempted murder, was housed in the prison's highest security unit for a variety of serious offenses, including assaults on staff. >> okay. >> talk to me about what you've done, how you've acted out. >> by douching, which is throwing urine on them, and stabbing them, and that's basically it. >> as a result of his violence towards staff, the prison requires blanco to have a three-officer escort any time he is out of his cell. >> do you think it's valid? to be cautious of you? >> yes. >> why? >> because i still have my moments. >> we learned that some of blanco's anger stems from his dislike of the fundamental tenets of prison life. >> you all can't refuse me no more. that's what i'm entitled to, that's what i want. i mean, i don't like nobody telling me when to eat, to use the restroom, to sleep. i don't like
. >> i mean, i don't look at prison as being prison, even though it is prison and i'm in a negative environment. i look at it as being my college. this is the time i got to study and build myself up and better myself. it's what you make it. >> but blanco, serving times for crimes including attempted murder, was housed in the prison's highest security unit for a variety of serious offenses, including assaults on staff. >> okay. >> talk to me about what you've done, how...
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. >> he designed the center for pain relief, he says, to be a welcoming, supportive environment for patients who want to live normal lives. >> to make it, you know, human, to make it tender, to make it hospitable. when people ask me, is it hard? no, it's not hard. it's a privilege to do that. >> it really gets to you, doesn't it? >> by 2001, our claims managers were sending me cases of injured workers who had had a low-back sprain and who were dead three years later from an unintentional overdose of prescribed opioids. it was the saddest thing i'd ever seen. >> so he took action, helping write guidelines that this year became state law. it applies to non-cancer chronic pain patients. it mandates prescriber education, treatment plans called pain contracts between physicians and patients, and tracking of opioid use. if states don't follow new laws reflecting best practices and universal prautions so opioids can be used safely and effectively, this will never turn around. >> the washington state law does have its share of critics, many of whom are patients dealing with pain right now. they are
. >> he designed the center for pain relief, he says, to be a welcoming, supportive environment for patients who want to live normal lives. >> to make it, you know, human, to make it tender, to make it hospitable. when people ask me, is it hard? no, it's not hard. it's a privilege to do that. >> it really gets to you, doesn't it? >> by 2001, our claims managers were sending me cases of injured workers who had had a low-back sprain and who were dead three years later from...
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> welcome back to the second half of "outfront." we start the second half with stories we care about where we focus on our reporting from the front lines. we begin at the university of colorado-denver, which has released thousands of e-mails related to james holmes
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. since ameriprise...
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connell: is there any way in this current, you know, environment to get close to where you guys were talking about without raising rates? >> it does not have to happen. i think it is the easiest way to guarantee that you'll get some additional reveeue. that does not mean once you drive the rates back up -- we are actually able to bring the top rates down to the high 20s. i think that is probably more aggressive than where we will go. it all depends on where you start your baseline. one of the things that is also important is. the more revenue we get, it also means more entitlement cuts and spending which means the bigger the deal, the better it is. connell: give me an odds, you are pretty optimistic? >> i think it is an 80% chance we avoid the cliff. but, do we avoid the cliff with a real deal or not? connell: senator warner, thanks a lot. dagen: i know the senator was that did what i have to say, go redskins. he has been terrific. one good thing to come out of d.c. calico weapons may be the last straw. we talked to you about the latest in syria. connell: 401(k) matches on employees.
connell: is there any way in this current, you know, environment to get close to where you guys were talking about without raising rates? >> it does not have to happen. i think it is the easiest way to guarantee that you'll get some additional reveeue. that does not mean once you drive the rates back up -- we are actually able to bring the top rates down to the high 20s. i think that is probably more aggressive than where we will go. it all depends on where you start your baseline. one of...
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and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the business climate that the government and the leadership have generated. >> doctor, some of it is federal, right? some hhs stuff? how much is federal and how much is state in the partnership? >> well, we have very broad programs. i think what you were referring to is the state of texas led by a team by texas a&m university system was recently awarded a $285 million federal contract. >> yes. >> to have a center for advanced development and innovation. that's going to be located in texas. so, there is a significant financial
and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the...
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it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >>> we are taking a look at the top cnn trends. he's the dude that lost his car in "dude where's my car" now ashton kutcher is playing the role of steve jobs. >> those are two very different characters. >> i would say so. it's one of the greatest and innovative american minds ever. >> the resemblance to a young steve jobs right out of the cradle of computers, it's pretty striking. michelle turner has that for us from hollywood. >> reporter: yes, just a few weeks the world will get its first look at the new movie about steve jobs. but we can share the first image from the film which stars ashton kutcher as the legendary man behind apple. this is the photo of kutcher in costume as jobs. he has the beeld and the long hair parted on the side. that was his look ba
it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >>> we are taking a look at the top cnn trends. he's the dude that lost his car in "dude where's my car" now ashton kutcher is playing the role of steve jobs. >> those are two...
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and also ask about our 24/7 support and service. call... and lock in your rate for 12 months today. liberty mutual insurance. responsibility. what's your policy? >>> thousands of protesters very angry in michigan. this was the scene yesterday at the state capitol. a union activists were surrounding the building with the lawmakers inside, and they were demanding an end to a bill there that would weaken the unions and limit the workers' ri
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about...
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i wanted out of that environment. i wanted to go home. i wanted to go back to california where i was comfortable. it was just -- it was like it was just a big mistake to come out to colorado. that's how i felt at the moment. >> along with the profound pain caused by stoltz's doomed decision to return to the bar that night, he shares one other thing in common with the lusks. disappointment over the jury verdict. >> they gave us criminally negligent homicide, which is the lowest they could have given us. the minute i heard that, i told bill, i said, i got to leave. i got to leave. i made it outside the door before i broke down. i mean, i was just -- it was like they murdered my son all over again by giving us that kind of verdict. >> at sentencing i still had the illusion that i was innocent, and that this was a gross deviation. this was an impulsive mistake. for that moment when you have your lawyers telling you that what you did was justified, you tend to believe it. you want to hold onto the fact that you're not going to be a stigmatized
i wanted out of that environment. i wanted to go home. i wanted to go back to california where i was comfortable. it was just -- it was like it was just a big mistake to come out to colorado. that's how i felt at the moment. >> along with the profound pain caused by stoltz's doomed decision to return to the bar that night, he shares one other thing in common with the lusks. disappointment over the jury verdict. >> they gave us criminally negligent homicide, which is the lowest they...
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. >> he designed the center for pain relief, he says, to be a welcoming, supportive environment for patients who struggle to live normal lives. >> to make it, you know, human, to make it tender, to make it hospitable. when people ask me, is it hard? no, it's not hard. it's a privilege to do that. >> it really gets to you you doesn't it? >> yeah. >> you're taking more than we now consider a safe dose. >> many of these patients are here because some physicians and legislators are trying to curb washington state's prescription drug overdose problem. >> i think this is the worst manmade epidemic in medical history. >> dr. gary franklin is medical director for the state of washington's department of labor and industries. when is the first time this even became an issue that you had noticed? >> by 2001, our claims managers were sending me cases of injured workers who had had a low back sprain and who were dead three years later from an unintentional overdose of prescribed opioids. it was the saddest thing i had ever seen. >> so he took action, helping write guidelines that this year, became state
. >> he designed the center for pain relief, he says, to be a welcoming, supportive environment for patients who struggle to live normal lives. >> to make it, you know, human, to make it tender, to make it hospitable. when people ask me, is it hard? no, it's not hard. it's a privilege to do that. >> it really gets to you you doesn't it? >> yeah. >> you're taking more than we now consider a safe dose. >> many of these patients are here because some physicians...
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especially in a plummeting gas price environment, we need these incentives in order to keep building the infrastructure. >> solar, i think, is undergoing a sort of remarkable decline in the costs of production, but it doesn't have nearly the share that wind does, right? is that where solar is at right now? >> let me put this in perspective. if you talk about the tax to convert satellite into electricity. the first commercial use was in 1994. at the time it was literally astronomical in costs. not for the space race with the soviets where we needed satellites in space and needed power for the satellites. nasa turned to solar cells as a sourt of power for the satellites. at the time they cost literally hundreds of dollars per watt. nasa didn't care, right? >> it's nasa. >> over the last decades the cost of solar cells has come down and down and down. the efficiency, the conversion efficiency has continued to go up and up and up, right? now you've got solar cells that are produced for under a dollar a watt. just in the last few years they came down a factor of three thanks to the chines
especially in a plummeting gas price environment, we need these incentives in order to keep building the infrastructure. >> solar, i think, is undergoing a sort of remarkable decline in the costs of production, but it doesn't have nearly the share that wind does, right? is that where solar is at right now? >> let me put this in perspective. if you talk about the tax to convert satellite into electricity. the first commercial use was in 1994. at the time it was literally astronomical...
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the environment is clean. it's blessed with mineral riches, gold, timber, copper. diamonds, just about everything. that's part of the reason why we're seeing this fight. the u.s. government has tried to get their hands around this by passing this resource conflict legislation that tries to get their arms around better regulating the minerals that come out of congo. that hasn't really worked. it's not purely a mineral issue. it's a lot of power and control and politics. that's why this is so complicated and keeps going on. >> jeff get he willman, thank you. up next, the author of the black swan. he joins me. he has a new book out. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this se
the environment is clean. it's blessed with mineral riches, gold, timber, copper. diamonds, just about everything. that's part of the reason why we're seeing this fight. the u.s. government has tried to get their hands around this by passing this resource conflict legislation that tries to get their arms around better regulating the minerals that come out of congo. that hasn't really worked. it's not purely a mineral issue. it's a lot of power and control and politics. that's why this is so...
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entry on this year it will be the disconnect between economics and markets we continue to be in an environment where people don't have a great many opses. that's why these options that look so threatening action they reverse so quickly. as long as that continues to be the case. they're going to -- >> it's very simple. last night it came out that. >> i'm going to make it simple here, not for the viewers. they came out and ticked four tea party members. that took them -- some republicans are willing to adopt a much more done scilla torrie approach. that's what's driving the market. it's going to continue to drive the market. >> you're saying this is cliff driven? >> absolutely. ivities market wasn't doing all that much. the president made some comments today in front of the business roundtable. all of a sudden, we start to do explode to the up side a bit. guys, i know the music is playing, but there's a look at hewlett-packard. up 4%, pete. >> absolutely. >> there are areas you talk about, last thing is technical, look at the xlf. >>> up next, the probability that lawmakers will defy if the odds
entry on this year it will be the disconnect between economics and markets we continue to be in an environment where people don't have a great many opses. that's why these options that look so threatening action they reverse so quickly. as long as that continues to be the case. they're going to -- >> it's very simple. last night it came out that. >> i'm going to make it simple here, not for the viewers. they came out and ticked four tea party members. that took them -- some...
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so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call it, and each those touc
so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will...
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> and you're looking at the annual lighting ceremony of the national minuora. thousands of people are lining up there for the big event. the minor is called the world's largest. the lighting ceremony began under president jimmy ca
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a"...
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup in their arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alone aren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines you're taking. c
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i wish my patients...
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some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you clean the water which comes out of the ground after a capital to one operation takes place. that is what you do. is that correct? >> that is correct. stuart: this business is booming. >> business has been very good. we actually specialize in industrial waste water treatment. so we took an application that we use in the food industry and apply to oil and gas industry because both of them have one thing in common. stuart: environmentalists are concerned about fracking. if you inject this water and sand and chemicals the underground, you can pollute the water supply. you are telling us that you can get away from the adverse affects of fracking, clean the water as it comes back out again. that is what you do. you can mitigate the adverse effects of fracking. that is what you are saying? >> when the water flows bac
some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you clean the water which comes out of the ground after a capital to one operation takes place. that is what you do. is that correct? >> that is correct. stuart: this business is booming. >> business has been very good. we actually specialize in...
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doc
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming...
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business environment in state of michigan, city of detroit is terrible. companies aren't coming in there investing. >> dana: a few years ago governor rick schneider took over, a businessman. he had done get awa get gateways and he didn't have to do anything else but decided to serve the state. to the point was dire. some said the governor, state of michigan would need to take over the city of detroit. you can separate the issues. bail-out idea, bail-out detroit versus what governor rick snyder is doing, fundamental change for michigan to make it more like a state like virginia. 23 other states that are right to work states. if they compete for work they got, and the idea might be better. it could be good for state of michigan, if painful for a few people for a while. >> eric: so many car companies say we like to do business in america. freddie addressing the fiscal cliff in detroit is going to mercury to address global warming. it's hot there. only obama could declare the auto bail-out a success. that is like hurricane sandy is a mess. the only successful
business environment in state of michigan, city of detroit is terrible. companies aren't coming in there investing. >> dana: a few years ago governor rick schneider took over, a businessman. he had done get awa get gateways and he didn't have to do anything else but decided to serve the state. to the point was dire. some said the governor, state of michigan would need to take over the city of detroit. you can separate the issues. bail-out idea, bail-out detroit versus what governor rick...
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obviously you have to go firm by firm and business by business but the revenue environment is not great. reasonably well telegraphed. as you saw, only about 25% of these cost saves are coming at the investment bank. and even when you dig down deeper, at least half of those are more on the opposite of i.t. when you go through many layers of details, it is not like the billion cost saves are coming right ow of the bonus pool. i'd just say city is in a similar enough spot as most of the firms on street related to bonuses. >> you put out a note today where you wrote, "citi is already pretty efficient with an efficiency ratio better than most peers." i kind of did a double take on that because i thought they were a giant, bloated, highly inefficient, oversized big bank? >> well, i didn't say all the big banks were efficient,dy? no. look, that is -- i put out actually a precursor to the note last week that said the same thing and it was a bit of an eye opener for people. people have been frustrated with citi saying basically $48 billion to $50 billion of expenses on an annual basis for the la
obviously you have to go firm by firm and business by business but the revenue environment is not great. reasonably well telegraphed. as you saw, only about 25% of these cost saves are coming at the investment bank. and even when you dig down deeper, at least half of those are more on the opposite of i.t. when you go through many layers of details, it is not like the billion cost saves are coming right ow of the bonus pool. i'd just say city is in a similar enough spot as most of the firms on...
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. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i think so.
. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the...
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we have regulators breathing down our neck and it's hard to earn an extra buck in that environment. you're seeing citi, in fact, address those concerns in the layoff announcement today. >> ifill: what does that tell bus the health of the banking sector and whether other big banking institution might be following suit? >> citigroup is not as mump an indicator species as i think people would want it to be. 15 years ago, it was the financial supermarket. it rolled everything together. it's one-stop shopping, and that mold has been called into question, not least by the architect of this model, sandy wiel, saying we should break up the big banks. gwen, i think it tells us more about the end of the era of kind of this force conglomeration of bank where's bigger is naturally better. you have seen, obviously, too big to fail banks become too bigger to fail, such as j.p.morgan, or wells fargo which bought wachovia. but there are others who find they can't hit their stride with the asset they say accummed a decade ago. >> ifill: what we're watching happening at citigroup. does that make them
we have regulators breathing down our neck and it's hard to earn an extra buck in that environment. you're seeing citi, in fact, address those concerns in the layoff announcement today. >> ifill: what does that tell bus the health of the banking sector and whether other big banking institution might be following suit? >> citigroup is not as mump an indicator species as i think people would want it to be. 15 years ago, it was the financial supermarket. it rolled everything together....